CHINA-ECONOMY: AT MEETING OF ECONOMIC EXPERTS PREMIER LI KEQIANG EMPHASISES NEED FOR CONTINUING TAX CUTS ON ENTERPRISES TO ENSURE EMPLOYMENT AND SAFEGUARD PEOPLE'S LIVELIHOODS

On April 9, Chinese Premier Li Keqiang presided over a symposium in Beijing with economic situation experts and entrepreneurs. PBSC member and Vice Premier Han Zheng, attended the meeting. CCTV reported that experts such as Zhang Xiaojing, Peng Wensheng, Ma Bin, as well as persons in charge of Baiyun Electric, Zhejiang Commodity City, and Ctrip.com, expressed their belief that the national tax and fee reduction policies are both practical and effective. They said the sharp rise in prices has brought great pressure on enterprises to increase costs. Li Keqiang said that "since the beginning of this year, under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, the decisions and deployments of the Party Central Committee and the State Council have been implemented throughout the country, and the economy has been consolidated and improved. However, the low base in the same period last year has brought incomparable factors. The current international environment is complex and severe, adding new uncertainties". He said "it is necessary to continue to implement policies such as structural tax cuts in a targeted manner, so as to ensure that the policies of ensuring employment and people's livelihood are not reduced" and to "use market-oriented socialization methods to expand employment channels such as college graduates and promote flexible employment". Politburo members Sun Chunlan, Hu Chunhua, Liu He, Wang Yong, Xiao Jie, Zhao Kezhi, He Lifeng participated.





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